---
title: "Borrow USDC on wstETH/USDC 86%"
description: "Earn rewards by borrowing USDC using wstETH on Morpho on Ethereum"
canonical: "https://app.merkl.xyz/opportunities/16033271946188025620"
chain: "Ethereum"
protocol: "Morpho"
type: "MORPHOBORROW"
page: 1
items: 25
totalPages: 1
updated: 2026-06-09T10:48:19.000Z
---

# Borrow USDC on wstETH/USDC 86%

## Back to

- [Opportunities index (HTML)](https://app.merkl.xyz/)
- [Ethereum chain (markdown)](https://app.merkl.xyz/chains/ethereum.md)
- [Morpho protocol (markdown)](https://app.merkl.xyz/protocols/morpho.md)

Earn rewards by borrowing USDC using wstETH on Morpho on Ethereum

## Key metrics

- **Total Value Locked**: $2,030,937.64
- **APR**: 2.80%
- **Native APR**: —
- **Daily rewards**: $155.8
- **Live campaigns**: 1
- **Chain**: Ethereum
- **Protocol**: Morpho

## Tokens

- [USDC](https://app.merkl.xyz/tokens/USDC.md)

## Campaigns — page 1 of 1 (1 total)

| Campaign | Status | Reward | APR | Daily $ | Start | End |
| --- | --- | --- | --- | --- | --- | --- |
| [0x67c232…](https://app.merkl.xyz/opportunities/16033271946188025620/campaigns/0x67c23282d7c10bede5c425e4680ed9f84585439404ec44ea7a0b41de2950358c.md) | live | [USDC](https://app.merkl.xyz/tokens/USDC.md) | 2.80% | $155.8 | 2026-06-09 | 2026-07-09 |

## Participate

- [Deposit](https://app.morpho.org/ethereum/market/0x6d2fba32b8649d92432d036c16aa80779034b7469b63abc259b17678857f31c2)

## Links

- [Open in Merkl App (HTML)](https://app.merkl.xyz/opportunities/16033271946188025620)
- [Ethereum chain page](https://app.merkl.xyz/chains/ethereum)
- [Morpho protocol page](https://app.merkl.xyz/protocols/morpho)